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Michael D. Montgomery Sentenced to 5 Years in Prison Following Wire Fraud Conviction

Following his June guilty plea in connection with charges of wire fraud and filing a false tax return, as reported in this June blog post, former Wachovia Securities Financial Network, LLC, and Mutual Service Corporation broker Michael D. Montgomery was sentenced to five years in prison and three years of supervised release.

Montgomery's admission to stealing what prosecutors believe is over $1 million from a Tacoma-area elderly client via wire transfer was key in this conviction and in FINRA's 2011 decision to bar Montgomery from the industry (Disciplinary Proceeding No. 20090190544).

A restitution hearing has been scheduled for January 25.

If you suspect a broker or firm has engaged in unsuitable, improper, fraudulent or misleading practices or has coerced you into making decisions that have proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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